Brazil Archives - Page 19 of 48 - Editores LatinPetroleum

NRGBriefs: Petrobras Releases Climate Change Supplement [PDF Download]

(Energy Analytics Institute, 7.Apr.2022) — Energy briefs including Petrobras releasing its Climate Change Supplement as part of its dialogue with its stakeholders; Petrobras reaffirming “its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026;” Occidental releases conference […]

NRGBriefs: Mantaro Names New CEO, Petrobras Cash Tender Offers [PDF Download]

(Energy Analytics Institute, 5.Apr.2022) — Energy briefs including Mantaro Precious Metals Corp. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) naming Craig Hairfield to the position of CEO; Argentine agriculture sector worried about a lack of gasoil; Petrobras Global Finance B.V. (PGF), has commenced cash tender offers; the US yet to ease sanctions in […]

NRGBriefs: Exxon, Hess, and CNOOC FID Yellowtail development

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/ gross production capacity of 250,000 b/d starting in 2025; and the King Abdullah Petroleum Studies and […]

Petrobras on Divestment of the Marlim Cluster

(Petrobras, 4.Apr.2022) — Petrobras, following up on the release disclosed on 12/14/2020, informs that its Executive Board has approved the end of the competitive process, which was in the non-binding phase, for the sale of 50% of its stake in the Marlim, Voador, Marlim Leste and Marlim Sul concessions, jointly […]

Petrobras on Letters from the Ministry of Mines and Energy

(Petrobras, 4.Apr.2022) — Petrobras has received two official letters from the Ministry of Mines and Energy confirming the withdrawal of Mr. Luiz Rodolfo Landim from the election to the company’s Board of Directors (BD) and to be the chairman of the BD, and of Mr. Adriano José Pires Rodrigues from […]

Petrobras on New Pre-Salt Find in the Alto de Cabo Frio Central Block

(Petrobras, 1.Apr.2022) — Petrobras discovered a new oil accumulation in the pre-salt in the southern portion of the Campos Basin, in a wildcat well in the Alto de Cabo Frio Central block. The well 1-BRSA-1383A-RJS (Alto de Cabo Frio Central Noroeste) is located 230 km from the city of Rio […]

Petrobras on Rio De Janeiro Court of Justice Decision

(Petrobras, 31.Mar.2022) — Petrobras informs that the Court of Justice of Rio de Janeiro (TJ-RJ) decided, by majority vote, to grant the appeal of the company Paragon Offshore Nederland B.V., former supplier of rigs for oil and gas prospection. The estimated value of the lawsuit is R$ 1.9bn of which […]

Petrobras, PetroRio Advance in Albacora Leste Talks

(Reuters, 31.Mar.2022) — Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex. Petrobras, formally Petroleo Brasileiro SA, […]

NRGBriefs: Chevron Corp.’s $2bn debt in Venezuela [PDF downloads]

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Mar.2022, Words: 583) — Energy briefs including ExxonMobil Angola celebrating an important milestone for the Kizomba A FPSO in its achieving its 1000th crude offload; Petrobras filing its Form 20-F for the year ended 31 Dec. 2021; Ecopetrol reporting that the ordinary General […]

Petrobras Says BODs Approved TCP with Novonor/Odebrecht

(Petrobras, 31.Mar.2022) — Petrobras informs that its Board of Directors approved the execution of the Term of Closing of Pendencies (TCP) between, on the one hand, Petrobras and one of its affiliates (jointly, Petrobras) and, on the other hand, Novonor S.A. (previously called Odebrecht S.A.) and some of its affiliates […]

NRGBriefs: Lula Participates in Discussion about Fuel Prices in Brazil

(Energy Analytics Institute, 29.Mar.2022) — Energy briefs including former Brazilian President Luiz Inácio Lula da Silva participating in a chat w/ specialists with the Federation of Oil Workers (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil; Shell Colombia and state owned Ecopetrol spudding their Gorgon-2 […]

Murphy Oil Says Cutthroat-1 Exploration Well Offshore Brazil Didn’t Find Oil

(Murphy Oil, 28.Mar.2022) — Murphy Oil Corporation (NYSE: MUR) announced that drilling has concluded at the Cutthroat-1 exploration well in block SEAL-M-428 in the Sergipe-Alagoas Basin offshore Brazil. While the presence of hydrocarbons was not found, the partner group will continue to integrate the exploration well data into its regional […]

Brazil Government Plans to Replace Petrobras CEO Joaquim Silva E Luna

(WSJ, 28.Mar.2022) — Brazil’s Mining and Energy Ministry said Monday the government intends to replace Joaquim Silva e Luna as chief executive of state-controlled Petróleo Brasileiro SA, or Petrobras, with Adriano Pires, an oil sector consultant with government experience. The change comes after weeks of criticism by Brazilian President Jair […]

Petrobras CEO Ousted Amid Spat Over Fuel Prices

(Bloomberg, 28.Mar.2022) — Latin America’s biggest oil producer Petroleo Brasileiro SA will have its third chief executive officer since early 2021 after Joaquim Silva e Luna was pushed out following growing political pressure to contain fuel prices. Luna’s ouster after just a year in the role comes less than a […]

Petrobras on Letter from the Mines and Energy Ministry

(Petrobras, 28.Mar.2022) — Petrobras, following up on the release disclosed on 03/05/2022, informs that it received a letter from the Ministry of Mines and Energy on today’s date, at 6:25 p.m., in reference to the Petrobras Annual General Meeting to be held on 13 April 2022, with two replacements in […]

GCL SI to Supply 71MW Solar Modules in Brazil

(GCL SI, 24.Mar.2022) — GCL System Integration Technology Co., Ltd. (GCL SI) (Shenzhen:002506), a photovoltaics (PV) company in China, will launch a project, dubbed Casa Blanca, in Bahia, Brazil in cooperation with Atlas Renewable Energy, a global renewable energy generator, with an expected full capacity of 250MW once construction is completed. GCL SI […]

CGG Wins Another Major 4D OBN Imaging Contract Offshore Brazil

(CGG, 24.Mar.2022) — CGG has been awarded a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil. The resulting data will bring improved geological insight to the asset operator, Petrobras, to assist with better management of oil recovery […]

NRGBriefs: Venezuela’s VP Delcy Rodríguez on impact of US sanctions

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Mar.2022, Words: 191) — Energy briefs including Venezuela’s Vice President Delcy Rodríguez commenting on the impact of US sanctions on Venezuela during her 2022 presentation of the “Memoria y Cuenta” to the National Assembly; and a recent election poll from Genial/Quaest published on […]

NRGBriefs: Colombia Commences Two Green Hydrogen Pilots [PDF Download]

(Energy Analytics Institute, 18.Mar.2022) — Energy briefs including Colombia commencing operations at the first of two green hydrogen pilots in Cartagena; Ecopetrol announcing plans to be producing 1 million tons of hydrogen by 2040; former Brazilian President Luiz Inácio Lula da Silva saying that in the eight yrs of his […]

Shell Brasil Applies for Environmental License for Offshore Wind Power Projects

(Shell Brasil, 18.Mar.2022) — Shell Brasil earlier this week applied for environmental licenses from the Brazilian Institute of the Environment and Natural Resources (IBAMA) for offshore wind power generation in six areas covered by the states of Piauí, Ceará, Rio Grande do Norte, Espírito Santo, Rio de Janeiro, and Rio […]

Braskem Reports Record Results in 2021

(Braskem, 17.Mar.2022) — Braskem S.A. (B3: BRKM3, BRKM5 and BRKM6;NYSE: BAK; LATIBEX: XBRK) announced its results for 4Q21 and 2021. 4Q21 and 2021 HIGHLIGHTS Braskem – Consolidated In 4Q21, Braskem’s recurring Operating Result was $1.1 bn, 23% lower than in 3Q21, mainly due to: (i) lower international spreads for main chemicals, PE […]

Petrobras Says TGB and TSG Divestments Still in Binding Phase

(Petrobras, 15.Mar.2022) — Petrobras, regarding the pieces of news in the media about the sale of all of its 51% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil S.A. (TBG) and 25% in Transportadora Sulbrasileira Gás S.A. (TSB), clarifies that this divestment project is still in the binding phase. EIG Global Energy […]

Sandstorm Gold Royalties Provides Asset Update

(Sandstorm Gold Ltd., 14.Mar.2022) — Sandstorm Gold Ltd. (NYSE: SAND) (TSX: SSL) provided an update of recent developments from the company’s royalty portfolio. LUNDIN MINING ANNOUNCES NEW DISCOVERY AT CHAPADA Lundin Mining Corporation recently announced the discovery of a new copper-gold mineralized system called Saúva at the Chapada project in Brazil. The […]

Five Key Takeaways from CERAWeek 2022 7-11 Mar. 2022 in Houston

(Clarissa Lins with Catavento, 13.Mar.2022) — Almost 6,000 people met in Houston at CERAWeek, the world’s largest and most influential energy gathering. During five days, the discussions were dominated by the severe impacts of the war and its devastating consequences over the Ukraine population, European energy security and the values […]

Brazil Congress Cuts Taxes on Fuels to Soften 25% Price Jump

(Bloomberg, 11.Mar.2022) — Brazil’s congress passed a tax reduction for fuels hours after state-controlled oil producer Petroleo Brasileiro SA caused a stir by increasing diesel and gasoline prices by as much as 25%. Lawmakers late on Thursday approved a bill that cuts federal taxes for diesel and cooking gas until […]

Petrobras on REMAN Refinery Divestment

(Petrobras, 10.Mar.2022) — Petrobras, following up on the release disclosed on 08/25/2021, concerning the sale process of Refinaria Isaac Sabbá (REMAN) to Ream Participações S.A., informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) published on 03/08/2022 a dispatch declaring the Act of Concentration to be […]

Petrobras on Candidates Nominated for BODs and Fiscal Council

(Petrobras, 5.Mar.2022) — Petrobras informs that it has received an official letter from the Ministry of Mines and Energy with eight nominations for the Board of Directors and four nominations for the company’s Fiscal Council, and an official letter from the National Treasury Secretariat of the Ministry of Economy with […]

Petrobras on the Transfer of Participation in the Búzios Field

(Petrobras, 4.Mar.2022) — Petrobras, following up on the releases disclosed on 09/29/2021 and 10/04/2021, informs that it has signed a contract with its partner CNOOC Petroleum Brasil Ltda. (CPBL) for the assignment of 5% of its interest in the Production Sharing Contract of the Transfer of Rights Surplus, for the […]

Great Panther Reports FY 2021 Financial Results, Reiterates Outlook for 2022

(Great Panther, 2.Mar.2022) — Great Panther Mining Limited (TSX:GPR) (NYSE-A:GPL) announces consolidated financial results for the year ended 31 December 2021 (“FY 2021”), from its three wholly-owned mines: the Tucano Gold Mine in Brazil, and Topia and the Guanajuato Mine Complex (“the GMC”) in Mexico, both primarily silver mines. “The team at Great Panther has worked […]

IDB: Stranded Gas Reserves, Fiscal Revenues in LAC Region

(IDB, 28.Feb.2022) — The global low-carbon energy transition driven by technological change and government plans to comply with the Paris Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas production and public revenues from royalties and taxation of gas production in […]

NRGBriefs: University of Guyana Students Invited to Oil Conference

(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and the International Energy Conference and Exhibition- Guyana 2022 in Georgetown, Guyana again opening the exhibit for free to University of […]

How China Beat Out the US to Dominate South America

(Bloomberg, 17.Feb.2022) — In the hinterland of Argentina, Mario Pizarro’s office looks like a shrine to China. There’s the framed photo of a Chinese peasant with Pizarro’s face superimposed beneath the conical farmer hat. There’s the blue-robed smiling Buddha statue. And there’s the model wind turbine from a Chinese company […]

Atlas Renewable Secures Financing for the Casablanca II Solar Plant in Brazil

(Atlas Renewable, 17.Feb.2022) — Atlas Renewable Energy has secured a R$407mn (approximately $76mn) loan from Brazil’s Northeastern Bank’s Northeastern Constitutional Financing Fund for the construction of the Lar do Sol – Casablanca II solar plant, which will be located in Pirapora, State of Minas Gerais, Brazil. The self-production plant will […]

Petrobras and Gaspetro Finalize Gasmar Exit

(Petrobras, 15.Feb.2022) — Petrobras, following up on the release disclosed on 04/09/21, informs that it concluded today, together with its subsidiary Petrobras Gás S.A. (Gaspetro), the transaction to finalize the pending litigation with Termogás S.A. As a result of this transaction, Termogás acquired the shares of Companhia Maranhense de Gás […]

Brazil to be Net Gas Importer for Next Decade

(Argus, 15.Feb.2022) — Brazil will be a natural gas net importer for the next ten years, says Petrobras executive Álvaro Tupiassú during the 2nd Brazil Gas Summit. Brazil’s new gas law is important because it stimulates an open and competitive market, with new contracts and agents, said Tupiassú. Petrobras is […]

Brazil has Oil. Exxon Can’t Seem to Find It

(Reuters, 14.Feb.2022) — Exxon Mobil Corp has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future. But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator […]

Petrobras Registers Record Pre-Salt Production in 2021

(Zacks Equity Research, 14.Feb.2022) — Brazilian state-owned oil major Petrobras (PBR) announced that it accomplished its best pre-salt output from its offshore fields last year, averaging 1.95 million barrels of oil equivalent per day (Mboe/d). This represents about 70% of the company’s entire production and is twice as much as the aggregate […]

SBM Offshore Provides Project Update [PDF Download]

(SBM Offshore, 10.Feb.2022) — SBM Offshore provided a status update on individual projects from Guyana to Brazil. Guyana FPSO Liza Destiny The third stage flash gas compressor on the unit remains stable and continues to operate. Additional engineering activities are ongoing to finalize a redesigned flash gas compressor with an […]

Petrobras Receives Int’l Award for debt Management

(Petrobras, 10.Feb.2022) — Petrobras was the winner of the “Deals of the Year” award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the […]

Petrobras Provides 4Q:21 Production and Sales Highlights [PDF Download]

(Petrobras, 9.Feb.2022) — Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: • FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the […]

Petrobras on Labor Lawsuit Filed at the Federal Supreme Court (STF)

(Petrobras, 8.Feb.2022) — Petrobras informs that, on 14 February 2022, a majority of votes favorable to Petrobras was formed in the judgment of that discusses the methodology for calculating the “Remuneração Mínima Por Nível e Regime” (RMNR) supplement at the First Panel of the Federal Supreme Court. As of this […]

Petrobras To Host 4Q:21 Results Calls

(Petrobras, 8.Feb.2022) — Petrobras will release its 4Q21 Production and Sales Report on 9 February 2022 and its 4Q:21 Financial Performance Report on 23 February 2022, both after the markets close. On 24 February 2022 two webcasts will be held, the first in Portuguese and the second in English, to […]

Fitch Confirms Petrobras’ Rating

(Petrobras, 8.Feb.2022) — Petrobras announced that the rating agency Fitch reaffirmed its rating at “BB-“, with negative outlook, following the Brazil’s rating. The standalone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras’ ratings to be linked to those of the sovereign given the […]

Petrobras on FPSO for Parque das Baleias Integrated Project

(Petrobras, 7.Feb.2022) — Petrobras, following up on the release disclosed on 12 November 2021, informs it signed the contracts with the companies Yinson Bergenia Production B.V. and Yinson Bergenia Serviços de Operação LTDA, both from Yinson Production PTE Ltd. Group, for the chartering and provision of services of the Maria […]

Petrobras Finalizes Divestment of Alagoas E&P Assets

(Petrobras, 4.Feb.2022) — Petrobras, following up on the releases disclosed on 30 June 2021 and 5 July /2021, concluded the sale of its entire stake in seven concessions denominated Alagoas Cluster, located in the state of Alagoas, to the company Origem Energia S.A. (former Petro+). The operation was concluded with […]

Petrobras Agrees to Draft SPA for UFN III

(Petrobras, 4.Feb.2022) — Petrobras, following up on the release disclosed on 21 February 2020, has reached an agreement for the draft of the Sale and Purchase Agreement for the sale of 100% of its Nitrogen Fertilizer Unit III (UFN-III), located in the city of Três Lagoas, Mato Grosso do Sul, […]

Petrobras Expresses Interest in Areas under Production Sharing Agreement

(Petrobras, 3.Feb.2022) — Petrobras expressed to the National Energy Policy Council (CNPE) the interest in the right of first refusal in blocks to be bid in the Permanent Offer System, under the Production Sharing Agreement, pursuant to Law 12,351/2010 and Federal Decree 9,041/2017. The company’s Executive Board approved the expression […]

Brazil Imports First Cargo of Guyanese Crude -Source

(Reuters, 3.Feb.2022) — An independent refiner has imported the first cargo of Guyanese crude oil into Brazil, according to tanker tracking data and a person familiar with the deal. Since oil exports began about two years ago, the tiny South American nation of fewer than 800,000 residents is becoming an […]

Petrobras on Receiving Last Installment of the Block BM-S-8 Sale

(Peterobras, 1.Feb.2022) — Petrobras, following up on the releases disclosed on 22 November 2016, 21 March 2018 and 9 December 2021, informs that it received from Equinor Brasil Energia Ltda. the amount of $475mn, equivalent to half of the third installment related to the sale of its stake in the […]

Petrobras Inks Deal to Divest Potiguar Cluster

(Petrobras, 31.Jan.2022) — Petrobras, following up on the release disclosed on 28 January 2022, informs that it signed today with the company 3R Potiguar S.A., a wholly owned subsidiary of 3R Petroleum Óleo e Gás S.A., a contract for the sale of the totality of its stake (100%) in a […]